JMP posts 4Q profit

SAN FRANCISCO (AP) _ JMP Group Inc. (JMP) on Wednesday reported fourth-quarter net income of $789,000, after reporting a loss in the same period a year earlier.

The company, based in San Francisco, said it had earnings of 4 cents per share. Earnings, adjusted for non-recurring costs, came to 13 cents per share.

The nvestment banking and asset services company posted revenue of $36 million in the period.

For the year, the company reported profit of $2.9 million, or 13 cents per share. Revenue was reported as $135 million.

JMP shares have climbed 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.76, a climb of 33 percent in the last 12 months.


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Keywords: JMP, Earnings Report